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Sensex, Nifty extend losses to fourth session, all sectors barring FMCG in red

Benchmark indices Nifty 50 and Sensex were in the red on Wednesday, September 24, as weak global cues weighed, extending losses.

September 24, 2025 / 15:33 IST
Nifty 50 held above the 25,000 level.
     
     
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    Dalal Street's key indices Nifty 50 and Sensex were near the day's low in last hour of trade on Wednesday, September 24, succumbing to selling pressure for the fourth consecutive session.

    At close, the Sensex was down 386.47 points or 0.47 percent at 81,715.63, and the Nifty was down 112.60 points or 0.45 percent at 25,056.90. About 1413 shares advanced, 2349 shares declined, and 125 shares unchanged.

    In his speech yesterday, US Federal Reserve Chair Jerome Powell noted that equity valuations remain elevated, warning of upside risks to inflation and downside risks to employment. His comments triggered weakness across global markets.

    Adding to the pressure, sustained foreign investor selling weighed on Indian equities amid concerns over Donald Trump’s proposed $100,000 H-1B visa fee and uncertainty around India-US trade talks. IT stocks were hit the hardest, with investors pricing in margin pressures for outsourcing firms, as the Trump administration’s proposed visa changes deepened the selloff in the sector.

    On the sectoral front, most NSE indices were lower for the day. Realty was the biggest drag, slipping 2.42 percent, while Auto dropped 1.1 percent. IT, Pharma, Metal, Energy, Infra, PSU Banks, and Media also saw declines in the range of 0.2-0.9 percent.

    FMCG was the lone gainer, inching up 0.2 percent, providing some support to the market. Overall, weakness in Realty and Auto weighed on sentiment, while defensives like FMCG managed to hold firm.

    Nifty 50 is under pressure, trading below key averages, signaling vulnerability. If level 25,000 gives way, downside risk rises. "Resistance is placed at 25,300-25,350. Traders may look to buy near 25,100 with a stop at 25,000, and target 25,300-25,350 for profit booking," noted Amruta Shinde, Technical & Derivative Analyst at Choice Equity Broking.

    India VIX remains subdued and range-bound, pointing to a calm near-term environment, though sharp moves can’t be ruled out. Having broken below key technical zones, indices could stay under pressure unless there is strong confirmation above resistances. For now, a “sell on strength” or range-play approach is prudent, Shinde added.

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    Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

    Moneycontrol News
    first published: Sep 24, 2025 03:27 pm

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